Alibaba Group Holding Limited reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter the company reported revenue was RMB 53,248 million against RMB 34,543 million a year ago. Income from operations was RMB 20,664 million against RMB 12,434 million a year ago. Income before income tax and share of results of equity investees was RMB 23,815 million against RMB 16,510 million a year ago. Net income attributable to ordinary shareholders was RMB 17,855 million or RMB 6.94 per diluted share against RMB 12,498 million RMB 4.90 per diluted share a year ago. Net cash provided by operating activities was RMB 37,416 million against RMB 26,230 million a year ago. Purchase of property and equipment and intangible assets (excluding land use rights and construction in progress) was RMB 3,246 million against RMB 2,365 million a year ago. Free cash flow was RMB 34,122 million against RMB 23,719 million a year ago. Adjusted EBITDA increased by 41% to RMB 27,021 million in the quarter ended December 31, 2016 compared to RMB 19,111 million in the same quarter of 2015.

For the nine months the company reported revenue was RMB 119,694 million against RMB 76,959 million a year ago. Income from operations was RMB 38,523 million against RMB 23,990 million a year ago. Income before income tax and share of results of equity investees was RMB 44,180 million against RMB 73,617 million a year ago. Net income attributable to ordinary shareholders was RMB 33,028 million or RMB 12.85 per diluted share against RMB 66,095 million RMB 25.75 per diluted share a year ago. Net cash provided by operating activities was RMB 69,580 million against RMB 51,754 million a year ago. Purchase of property and equipment and intangible assets (excluding land use rights and construction in progress) was RMB 9,388 million against RMB 4,755 million a year ago. Free cash flow was RMB 60,810 million against RMB 46,891 million a year ago. Adjusted EBITDA was RMB 57,859 million against RMB 40,842 million a year ago.

The company is adjusting up 2017 fiscal year revenue guidance from 48% to 53% year-over-year growth.